(REVERSE OF NOTE)
4.875% Senior Notes due 2026
Intel Corporation (the Issuer) promises to pay interest on the principal amount of this Note at the rate per annum described above. Cash interest on the Notes will accrue from the most recent date to which interest has been paid; or, if no interest has been paid, from February 10, 2023. Interest on this Note will be paid to but excluding the relevant Interest Payment Date or on such earlier date as the principal amount shall become due in accordance with the provisions hereof. The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, beginning on August 10, 2023. If any Interest Payment Date, Stated Maturity or other payment date with respect to the Notes is not a Business Day, the required payment of principal, premium, if any, or interest will be due on the next succeeding Business Day as if made on the date that such payment was due, and no interest will accrue on that payment for the period from and after that Interest Payment Date, Stated Maturity or other payment date, as the case may be, to the date of that payment on the next succeeding Business Day. Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months.
The Issuer shall pay interest on overdue principal from time to time on demand at the rate borne by the Notes and at the same rate on overdue installments of interest (without regard to any applicable grace periods) to the extent lawful from the dates such amounts are due until such amounts are paid or made available for payment.
2. Paying Agent.
Initially, Computershare Trust Company, National Association (the Trustee) will act as Paying Agent. The Issuer may change any Paying Agent without notice to the Holders.
3. Indenture; Defined Terms.
This Note is one of the 4.875% Senior Notes due 2026 (the Notes) issued under the Indenture dated as of March 29, 2006, as amended by the First Supplemental Indenture dated as of December 3, 2007 and the Eighteenth Supplemental Indenture dated as of August 5, 2022 (together, the Base Indenture) and, as amended, modified and supplemented by the Nineteenth Supplemental Indenture dated as of February 10, 2023 (the Nineteenth Supplemental Indenture and, together with the Base Indenture, the Indenture), by and between the Issuer and the Trustee, as trustee. This Note is a Security and the Notes are Securities under the Indenture. Each series of Securities issued under the Nineteenth Supplemental Indenture (together with any other Securities thereafter issued and included in any such series) is referred to herein as an Other Series of February 2023 Notes and, together with the Notes, as the February 2023 Notes.
For purposes of this Note, unless otherwise defined herein, capitalized terms herein are used as defined in the Indenture. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C.